Legal disputes between two entities vary in complexity and scope. With criminal law, the outcome of these cases is seen as discrete (guilty, not guilty, acquittal, mistrial). In civil law, a discrete view of the consequences of a legal ruling is inappropriate. The size of a settlement in a civil case varies. With claims resolved through international arbitration, the outcomes are on the order of millions and billions of dollars. Lawyers arguing these cases rely on intuition, precedent, and incomplete information.
Realising that the qualitative nature of law represented an opportunity for technology to resolve legal disputes, 30-year-old Isabel Yang created ArbiLex, a data analytics startup for international arbitrations, leveraging artificial intelligence (AI) to help parties reach resolutions quickly and efficiently. The Cambridge, Massachusetts-based company was incubated out of the Harvard Innovation Lab.